DXC Technology Enables Allianz PNB Life to Issue Insurance Policies in as Quick as Five Minutes
DXC's Assure Integral solution supports Allianz to expedite the launch of new insurance products in market by 30%
MANILA, Philippines, Feb. 6, 2025 /PRNewswire/ -- DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, has partnered with Allianz PNB Life, a leading life insurer in the Philippines, to increase the speed at which it launches new products in market by 30% and enables customers to receive insurance policies in just five minutes instead of days.
The Partnership
Within six months, DXC engineers and industry experts integrated 12 different systems at Allianz PNB Life, transforming and modernizing the insurer's operations with a secure, cloud-based solution.
"This six-month project set an internal record at Allianz PNB Life for a core system implementation that was both on time and on budget," said Teh Kim Leng, Regional Chief Operating Officer, Allianz Asia Pacific. "We are already experiencing increased service levels and customers are receiving policy contracts within minutes, instead of days. While speed is important, we are also committed to ensuring our customers' data is safe and secure, and DXC is our trusted partner in doing just that."
The Technology Solution
With the goal of reducing costs and providing Allianz PNB Life employees with streamlined and simplified digital processes, the DXC team implemented Assure Integral, a comprehensive, cloud-native life and health insurance policy management software solution into Allianz's digital infrastructure. Built on DXC Assure Cloud, powered by Amazon Web Services (AWS), Assure Integral is enabling Allianz to accelerate the launch of new products, issue new policies faster and create an improved digital customer experience.
The insurance industry relies heavily on data for risk assessment, setting premiums, and processing claims. DXC's Assure platform provides a framework with comprehensive data management and security measures that meet Allianz's standards.
"With over one billion policies on our platform, and 10% of the world's premiums processed on our systems, DXC today serves 21 out of 25 of the world's leading insurance companies. As the largest provider of core insurance systems, we are dedicated to meeting our insurance customers wherever they are on their digital transformation journeys," said Ray August, managing director, Insurance Software & BPS, DXC Technology. "Our partnership with Allianz demonstrates how working alongside the right partner can produce meaningful results."
"About a quarter of DXC's IT budgets in Asia Pacific (APAC) are dedicated to new system implementations, and APAC insurers cite IT cost reduction, competitive advantage, cybersecurity and data protection as important to growth in 2025," said Max Ang of Celent, a leading research and advisory firm focused on technology for financial institutions. "DXC Assure Integral is one of the cloud-native core systems we are highlighting to APAC insurers for consideration."
For more information, visit DXC Assure for Life and Wealth.
Forward-Looking Statements
All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking statements." These statements represent current expectations and beliefs, and no assurance can be given that the results described in such statements will be achieved. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of our control. For a written description of these factors, see the section titled "Risk Factors" in DXC's upcoming Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and any updating information in subsequent SEC filings. No assurance can be given that any goal or plan set forth in any forward-looking statement can or will be achieved, and readers are cautioned not to place undue reliance on such statements, which speak only as of the date they are made. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this report or to reflect the occurrence of unanticipated events except as required by law.
About DXC Technology
DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world's largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com.
About Allianz PNB Life
Allianz PNB Life, a major life insurer in the Philippines, is a leading provider of Variable Life products, complemented by a full line of Life protection offerings for individuals and institutions. Their products and services are designed to meet the lifetime financial planning, wealth accumulation, and well-being aspirations of every Filipino Family. Allianz PNB Life is a subsidiary of the Allianz Group, a global financial services provider with services predominantly in the insurance and asset management business. 92 million retail and corporate clients in more than 70 countries rely on our knowledge, global presence, financial strength and solidity.
Contact: Sheila Dhillon, Director, Corporate Communications, + 61 423 884 848, [email protected]; Roger Sachs, CFA, VP of Investor Relations, +1-201 259-0801, [email protected]
SOURCE DXC Technology Company
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